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Estimating quarterly GDP Data for the South Pacific Island Nations
Time series analyses generally rely on having a relatively high frequency of consistent and reliable data to work with. However for many of the South Pacific Island Nations (SPINS), data on major macroeconomic series, like ...
Assessing Business Cycle Synchronisation - Prospects for a Pacific Islands Currency Union
On-going debate of a Pacific Islands currency union has rekindled the argument on whether Pacific Island Countries (PICs) demonstrate symmetric behavior in their business cycles as a precondition for a union according to ...
Permanent and Transitory Shocks among Pacific Island Economies - Prospects for a Pacific Islands Currency Union
This paper re-kindles the debate on the feasibility of a Pacific Islands currency union in view of the recent expansion and consolidation of regional strategies and agreements such as the ‘Pacific Plan’ and the Pacific ...
Exchange Rate Volatility and Choice of Anchor Currency - Prospects for a Melanesian Currency Union
This paper investigates an appropriate choice of anchor currency for a proposed Melanesian currency union under various hypothetical currency union arrangements. Drawing from the optimal currency area (OCA) theory and ...